Cimarron River Pipeline, LLC

Original Volume No. 1

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Effective Date: 09/01/2008, Docket: CP08-17-001, Status: Effective

Original Sheet No. 241 Original Sheet No. 241

 

GENERAL TERMS AND CONDITIONS

 

13.3 Cash Out Procedures:

 

To the extent monthly imbalances are not resolved under Section 13.2, all

imbalances accrued by Shipper under its TSAs shall be resolved on a monthly

basis pursuant to this Section.

 

(a) To determine an applicable imbalance percentage, Transporter will

divide Shipper's Net Monthly Imbalance less quantities resolved by trading

by all of the Shipper's scheduled transportation deliveries during the month

("Net Monthly Imbalance Percentage"). To calculate Shipper's imbalance

percentage under TSAs, Transporter will exclude Shipper's deliveries under

all MPS Agreements.

 

(b) Subject to Subsection (d) below, if Shipper has accrued a Net

Monthly Imbalance due to Transporter, Shipper shall pay Transporter for

Shipper's Net Monthly Imbalance at the following prices for the volumes

within each stated Net Monthly Imbalance Percentage.

 

Net Monthly Imbalance

Percentage Due To Transporter Price Per Dth

 

0 through 5% 100% of Index Price

> 5 through 10% 115% of Index Price

> 10 through 15% 130% of Index Price

> 15 through 20% 140% of Index Price

> 20% 150% of Index Price

 

(c) Subject to Subsection (d) below, if Shipper has accrued a Net

Monthly Imbalance due to Shipper, Transporter shall pay Shipper for its Net

Monthly Imbalance at the following prices for the volumes within each stated

Net Monthly Imbalance Percentage. Transporter will charge Shipper the

maximum transportation rate for Net Monthly Imbalance.

 

Net Monthly Imbalance

Percentage Due To Shipper Price Per Dth

 

0 through 5% 100% of Index Price

> 5 through 10% 85% of Index Price

> 10 through 15% 70% of Index Price

> 15 through 20% 60% of Index Price

> 20% 50% of Index Price

 

However, if Shipper owes Transporter any payments that are past due,

Transporter shall have the right to offset payments it owes to Shipper under

this Subsection by the past due amounts due to Transporter (including

interest at the FERC interest rate).